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"Do commodities need a bit of a prayer to rebound in '17? Probably not"

Iron ore prices plummeted to a six-month low this week but Citigroup analysts say commodities don’t need “a bit of a prayer” to rebound this year.

"Do commodities need a bit of a prayer to rebound in '17? Probably not" "Do commodities need a bit of a prayer to rebound in '17? Probably not" "Do commodities need a bit of a prayer to rebound in '17? Probably not" "Do commodities need a bit of a prayer to rebound in '17? Probably not" "Do commodities need a bit of a prayer to rebound in '17? Probably not"

Citigroup says prayer not needed for commodities rebound

The Metal Bulletin iron ore spot price has fallen to US$63.20 per tonne, its lowest level since October last year, amid concerns of oversupply and squeezed margins in China’s steel industry.

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